Mainstay Growth Allocation Fund Price on November 30, 2023
| MGXIX Fund | USD 18.76 0.07 0.37% |
Below is the normalized historical share price chart for Mainstay Growth Allocation extending back to April 04, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay Growth stands at 18.76, as last reported on the 1st of December, with the highest price reaching 18.76 and the lowest price hitting 18.76 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Growth Allo has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Growth, which you can use to evaluate the volatility of the fund. Please verify Mainstay Growth's Risk Adjusted Performance of 0.0977, downside deviation of 0.7591, and Mean Deviation of 0.5387 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.1702
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| Cash | MGXIX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Mainstay Growth is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mainstay Growth by adding it to a well-diversified portfolio.
Mainstay Growth Valuation on November 30, 2023
It is possible to determine the worth of Mainstay Growth on a given historical date. On November 30, 2023 Mainstay was worth 15.06 at the beginning of the trading date compared to the closed value of 15.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Growth mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Growth's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay Growth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Growth's related companies.
| Open | High | Low | Close | Volume | |
| 14.98 | 14.98 | 14.98 | 14.98 | 1.00 | |
11/30/2023 | 15.06 | 15.06 | 15.06 | 15.06 | 1.00 |
| 15.22 | 15.22 | 15.22 | 15.22 | 1.00 |
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Mainstay Growth Trading Date Momentum on November 30, 2023
| On December 01 2023 Mainstay Growth Allocation was traded for 15.22 at the closing time. The highest daily price throughout the period was 15.22 and the lowest price was 15.22 . There was no trading activity during the period 1.0. Lack of trading volume on 12/01/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.06% . The trading delta at closing time to current closing price is 1.59% . |
Mainstay Growth Allo Fundamentals Correlations and Trends
By evaluating Mainstay Growth's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay Growth's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay Growth Mutual Fund history
Mainstay Growth investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay Growth Allo will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay Growth stock prices may prove useful in developing a viable investing in Mainstay Growth
The fund is a fund of funds that seeks to achieve its investment objective by investing in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing substantially all of its assets in underlying equity funds . The fund may invest approximately 25 percent of its assets in underlying international equity funds. It may invest up to 10 percent of its assets in underlying fixed-income funds.
Mainstay Growth Mutual Fund Technical Analysis
Mainstay Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mainstay Growth Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Mainstay Growth Allocation cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mainstay Growth December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Growth mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Growth shares will generate the highest return on investment. By undertsting and applying Mainstay Growth mutual fund market strength indicators, traders can identify Mainstay Growth Allocation entry and exit signals to maximize returns
Mainstay Growth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Growth's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0985 |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay Growth financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Growth security.
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